USA Video retains patent litigation firm
USA Video Interactive Corp US
Shares issued 73,466,089 2000-10-03 close $3.7
Wednesday Oct 4 2000 News Release
Mr. Edwin Molina reports
The internationally known law firm, Sullivan & Worcester LLP, has been retained by USA Video Interactive to protect the company's rights under its pioneering 1992 store-and-forward video patent and to explore licensing and other revenue-generating possibilities of the patent. Paul Gupta, a leading patent litigator, will defend USA Video Interactive's patent. "I reviewed the patent and claims of prior art and believe it is strong and eminently enforceable," said Mr. Gupta, who serves on the boards of four national e-commerce and computer technology publications. "I particularly look forward to defending Internet patents granted before 1995; that this patent was filed in 1990 and granted in 1992 is very exciting for me and for USA Video Interactive. I am looking forward to bringing the company's shareholders tangible benefits from this pioneering and visionary patent."
"Creating broad market awareness of this patent and leveraging it for maximum benefit will reinforce our business plan, help build new alliances, and strengthen existing ones," said Edwin Molina, president and chief executive officer of USA Video Interactive. "This patent clearly differentiates our media distribution solutions in a growing and increasingly competitive global market."
The patent for store-and-forward video, No. 5,130,792, was filed in 1990 and issued by the United States Patent and Trademark Office on July 14, 1992; it is considered a pioneer patent in the field of video-on-demand and Internet video. It has been cited by 133 other patents. In 1999, USA Video Interactive was awarded similar patents in England, France, Spain, Italy and Germany; the company has patents pending in Canada and Japan.
About Sullivan & Worcester
Sullivan & Worcester LLP is a firm of over 120 lawyers with offices in Boston, New York and Washington. Mr. Gupta is co-director of its technology law group, which primarily represents software and hardware companies, as well as financial institutions, in connection with counselling and litigation matters. Such matters include: antitrust, electronic communication and commerce, insurance, intellectual property (including copyrights, patents, trademarks and trade secrets). The firm's technology lawyers have helped to establish the legal principles in those areas, and continue to represent clients on leading matters. They also serve on national and local bar association committees, and lecture on new developments in technology law. Their work regularly appears in professional publications, and they are frequently quoted in the press. For more information, please visit www.sandw.com |
